Filing Details

Accession Number:
0000899243-16-015403
Form Type:
4
Zero Holdings:
No
Publication Time:
2016-03-07 16:30:25
Reporting Period:
2016-03-03
Filing Date:
2016-03-07
Accepted Time:
2016-03-07 16:30:25
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1262279 First Marblehead Corp FMD Personal Credit Institutions (6141) 043295311
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1648293 Carter John Risley C/O Stan Spavold, Clearwater Fine Foods
Incorporated, 757 Bedford Highway
Bedford A5 B4A 3Z7
No No Yes No
1668113 Ltd Properties Point Lobster C/O Stan Spavold
757 Bedford Highway
Bedford A5 B4A 3Z7
No No Yes No
1668191 Fp Resources Usa Inc. C/O Stan Spavold
757 Bedford Highway
Bedford A5 B4A 3Z7
No No Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock, Par Value $0.01 Disposition 2016-03-03 42,527 $3.22 1,768,339 No 4 S Indirect See Footnote
Common Stock, Par Value $0.01 Disposition 2016-03-04 8,122 $3.20 1,760,217 No 4 S Indirect See Footnote
Common Stock, Par Value $0.01 Disposition 2016-03-07 20,001 $3.15 1,740,216 No 4 S Indirect See Footnote
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Indirect See Footnote
No 4 S Indirect See Footnote
No 4 S Indirect See Footnote
Footnotes
  1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.20 to $3.28, inclusive. The reporting person undertakes to provide to The First Marblehead Corporation, any security holder of The First Marblehead Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (1) to this Form 4.
  2. This report is filed jointly by John Carter Risley ("Mr. Risley"), FP Resources USA Inc. ("FP Resources") and Lobster Point Properties Limited ("Lobster Point" and collectively with Mr. Risley and FP Resources, the "Reporting Persons"). On December 31, 2015, Mr. Risley transferred the reported securities of the Issuer to FP Resources, which is a wholly owned subsidiary of Lobster Point, which is a wholly owned subsidiary of Mr. Risley, in a transaction exempt pursuant to Section 16a-13.
  3. (Continued from Footnote 2) None of the Reporting Persons have acquired any securities of the Issuer since FP Resources becoming the nominee holder of the reported securities. The filing of this report by FP Resources and Lobster Point shall not be deemed an admission that FP Resources or Lobster Point is, for purposes of Section 16 of the Securities Act of 1933, as amended, or otherwise, the beneficial owner of any of the equity securities covered by this report. Each of the Reporting Persons disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein.
  4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.18 to $3.26, inclusive. The reporting person undertakes to provide to The First Marblehead Corporation, any security holder of The First Marblehead Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (4) to this Form 4.
  5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.15 to $3.20, inclusive. The reporting person undertakes to provide to The First Marblehead Corporation, any security holder of The First Marblehead Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (5) to this Form 4.